The spell of January optimism is all but a distant memory with increasing interest rates and a prolonged period of, at best, stagflation. More quarter point hikes to get to a possible 6% interest rates making bonds more appealing and tanking growth and tech stock by 10% plus over a possible 6 – 12 month period.
I’ve cashed out 50% and have stocks in Google, Microsoft, Salesforce, Tesla left in. I can see these all slipping without any major support with all the gloomy news. I’d be taking a bit of Tesla and Salesforce profit and breaking even on google and MSFT.
Wait on the sidelines maybe put in dividend utility stocks and wait for what could be a huge bull market rally a year or two from now.
Any thoughts?
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